Ask Terry Questions Credit union vs bank for chicken money

Credit union vs bank for chicken money

By Terry Savage on August 05, 2020 | Chicken Money

Hi Terry,
Right now my credit union ( NCUA, NCUSIF insured ) is offering a better rate for a jumbo share savings CD as compared to my bank. I am looking at a 12 month CD for my chicken money. What do you think? Should I go with the credit union?
Thank you !

Terry Says

Absolutely, both are federally insured. And sometimes Credit Unions, which don’t have as much cost in brick and mortar, and advertising, can offer a better rate.

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